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Around 9,000 Kiwis will only get $1 a week in tax relief

Publish Date
Mon, 3 Jun 2024, 9:38am
Photo / File
Photo / File

Around 9,000 Kiwis will only get $1 a week in tax relief

Publish Date
Mon, 3 Jun 2024, 9:38am

The Government's Budget centrepiece has been passed in the House, meaning tax cuts will become law.  

Income tax brackets have been shifted, giving most earners an extra $4-40 take-home pay each fortnight. 

Infometrics Principal Economist and CEO Brad Olsen told Tim Beveridge “The IRD estimates there’s around nine thousand people who will get slightly less than a dollar a week over the course of the year.” 

Olsen said “The government’s also been challenged for not funding cancer drugs.” 

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